Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 14,064 people, 3,048 houses or apartments, and a median cost of homes of $136,891, house prices in Hubert are solidly below the national average.
Single-family detached homes are the single most common housing type in Hubert, accounting for 65.86% of the town's housing units. Other types of housing that are prevalent in Hubert include mobile homes or trailers ( 25.61%), row houses and other attached homes ( 4.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.41%).
The most prevalent building size and type in Hubert are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.73% owning and 35.27% renting.
There is a lot of housing in Hubert built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hubert built between 2000 and later ( 32.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.57%). There's also some housing in Hubert built before 1939 ( 3.08%).
Vacant housing appears to be an issue in Hubert. Fully 15.47% of the housing stock is classified as vacant. Left unchecked, vacant Hubert homes and apartments can be a drag on the real estate market, holding Hubert real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Hubert's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hubert during the period has been just -1.77%, which is lower than 80% of US communities.
Over the last year, Hubert appreciation rates have trailed the rest of the nation. In the last twelve months, Hubert's appreciation rate has been -2.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hubert were at 2.17%, which equates to an annual appreciation rate of 8.97%.
Importantly, this makes Hubert one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to North Carolina, our data show that Hubert's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.
|$692,001 - $922,000||0.8|
|$461,001 - $692,000||2.1|
|$369,001 - $461,000||1.6|
|$276,001 - $369,000||2.3|
|$184,001 - $276,000||9.2|
|$92,001 - $184,000||66.6|
|$46,001 - $92,000||9.0|
|$0 - $46,000||7.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Hubert HOMES|
|2000 or Newer||32.6|
|1970 - 1999||57.8|
|1940 - 1969||6.6|
|1939 or Older||3.1|
|TYPE OF Hubert HOMES|
|Small Apt. Buildings||3.4|
|SIZE OF Hubert HOMES|
|5 or more bedrooms||1.07|